Solve the Problem. -Research Shows That 12% of 6th Graders in K-6 Schools

question 93

Multiple Choice

Solve the problem.
-Research shows that 12% of 6th graders in K-6 schools have tried cigarettes and 55% of 7th graders in 8-9 or 7-9 middle schools have tried cigarettes. What is the absolute increase, to the nearest percentage point?

• A)78%
• B)358%
• C)-43%
• D)43%

---

Definitions:

Coase Theorem

A theory suggesting that if trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property.

Coase Theorem

A legal and economic theory stating that if trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property rights.

Transaction Costs

The expenses incurred when buying or selling a good or service, which can include search, bargaining, and enforcement costs.

Marginal Social Benefit

The additional benefit to society resulting from one more unit of a good or service being produced and consumed.